Weekly operational reports are posted on the wall of the company cafeteria in Otahuhu, where all team members, including Braid, eat at a single, long table. Between 1994 and 1997 Mainfreight started acquiring former competitors, such as, Daily Freightways and Chem Couriers in 1994, a 75% shareholding in Lep New Zealand in 1996, and Combined Haulage and Senco Haulage in 1997. He knows where the company is going and, more importantly, how it will get there. The firm's shares have been one of the best performing stocks on the NZX, returning more than. "He never talks about himself and always talks about long-term goals," Hunt says. Moreover, Don Braid also holds NZ$171m worth of Mainfreight stock directly under their own. In that respect, NZ was the worst effected with weekly revenues during April 2020 down by about 40% on average levels. Don: I think its quite a long way off. +64 27 403 0148+64 9 905 4804Jill.Steffert@iod.org.nz, The Auckland Branch acknowledges the generous support of. As you get bigger, staff engagement and culture becomes more difficult. Dogged determination, drive and eternal optimism - they're all qualities Don Braid exudes. Mainfreight International was Mainfreight's first international sea and airfreight business and was started in 1984 by Bruce Plested's brother Gerald. After receiving the 2016 Infinz Leadership Award he told staff if this is a tick in the box for the way we have done things or are trying to do, and for what were trying to create, then well take that tick. Proud of its family ties, Mainfreight also employs Braids sons, Jason and Corey. FINALIST As weve matured and grown around the rest of network, were now learning things that we can bring back to New Zealand. Not living as a question mark but instead getting on with it and making those decisions. Though his father was a truck driver, Timaru-born Braid cant recall being influenced by this. In 2006 the New Zealand Mainfreight International and Owens International businesses were also merged to make Mainfreight Owens International Ltd (now Mainfreight International). You cant see yourself as an employer of 8500 people. His company has been a shining example of success amid tough global economic conditions. So each person can earn some more money by not just making profit, but keeping customers happy, keeping claims to a lower amount, making sure were collecting cash, making sure that were delivering freight in full and on time but the base bonus, everybody gets the same amount no matter whether youve been there for one year or for 40 years and no matter what your position is. Business Leader of the Year 2011 Winner: Don Braid - NZ Herald [11], Since 2011, Mainfreight, under the Wim Bosman name, have opened new branches in Bergen op Zoom in The Netherlands, Cluj-Napoca in Romania, Frankfurt and Gelsenkirchen in Germany, London in United Kingdom, and Pozna/Lubo in Poland. Director Profiles | New Zealand - Mainfreight Spearheading the management team at New Zealands largest supply chain logistics and transport company has paid off handsomely for Mainfreight group managing director Don Braid. [2] In 1979, Bruce Plested partnered with Neil Graham, with Graham based in Christchurch and Plested in Auckland. I believe that I shouldnt ask my colleagues/work mates/ team to do any task I would not do myself or know how to do. This Supreme Court Case Could Redefine Crime, YellowstoneBackers Wanted to Cash OutThen the Streaming Bubble Burst, How Countries Leading on Early Years of Child Care Get It Right, Female Execs Are Exhausted, Frustrated and Heading for the Exits, No Major Offer Expected on Childcare in UK Budget, Biden Gives Medal of Honor to Trailblazing Special Forces Member, Climate Change Is Launching a MutantSeed Space Race, UK Braces for Rare Weather Event That Risks Late-Winter Freeze, What Do You Want to See in a Covid Memorial? And if you dont make a profit, theres no bonus that year. The company is growing EPS and total shareholder returns have been pleasing. Business in the Americas also saw an improved performance, with a 29.7% increase in profit to US$25.93m, with Mainfreight's air and ocean division benefiting from resurgent demand from customers and market share gains in the US. Early on, New Zealand had great lessons to take to the rest of our network. Forsyth Barr analyst Rob Mercer said the market had confidence in Mainfreight after it managed to grow revenue and market share and outperform its peers during the global financial crisis. COVID-19 has had a significant impact on freight and supply chains worldwide. Aside from travel (usually), customers, and communicating with those in other countries I spend my time in front of our people and our leadership team, no matter where they are located. Its having empathy and I think Im patient, determined, have belief and energy. "We were exposed to Covid-19 quite early in the piece, probably earlier than many others because of our operations in China. At Management Magazine, our focus is to inspire New Zealands business leaders and the managers of today and tomorrow to succeed. "[8], In June 2013, Mainfreight launched a lawsuit seeking 11 million or $18 million against Wim Bosman Group's former owners. He is highly respected and success-driven executive who has made Kiwibank fly when many thought it would struggle to get off the ground. How does that actually work, practically? Its a huge level of success and theres satisfaction you get from that. Then we just sat back and allowed the de-centralized process to take over and allowed people to take responsibility to get their businesses sorted and in line. Don: We do weekly reporting on a Monday so you always understand how well youve gone across the business and across the network. His leadership is underpinned by a strong belief in Mainfreight's global competency and capabilities to provide high-quality supply chain solutions for . Its about making sure they dont lose the disciplines that make us who we are but embracing them as people delivering for our customers. Terms of use In light of current trends, we will provide a nine-month trading update mid-February 2022. Founded by NBR Rich Lister Bruce Plested, Mainfreight has become a global juggernaut on Braids watch. Nothing drives home the state of our roads like a trip on a bike. Zac: What is the Mainfreight way when it comes to culture? Zac: Don, your 100-year vision how does that work? Mainfreight shareholders would be similarly pleased. The Biosecurity Business Pledge group has launched two new biosecurity guides. I dont believe that. "He never moans about the currency and is always positive.". Is Mainfreight Limited (NZSE:MFT) Overpaying Its CEO? - Yahoo! Previously, Don was a Political Columnist at Calgary Herald. Zac: As the leader of Mainfreight, what do you personally focus on to get the team going in the right direction? Im not sure well see driverless trucks in NZ for some time to come. Mainfreight was founded on 6 March 1978 by Bruce Plested who started the company with just $ 7,200 and a 1969 Bedford truck. Its the individuals responsibility to arrive on time and stay until the jobs finished. Thats the key. Subscribe, 0.1 The Four Pillars of Governance Best Practice, 0.3 Corporate governance landscape in New Zealand, The second pillar - An effective governance culture, 2.3 Board architecture a charter for the board, 2.4 Board composition and succession planning, 2.5 Key competencies for non-executive directors, 3.6 Technology and information governance, 3.11 Employees holding external directorships, 4.4 Director shareholdings and insider trading, 4.16 The company secretary or corporate officer, Breakfast with Don Braid, Managing Director of Mainfreight Ltd. What more could I be doing in the business to actually grow my revenues in these difficult times? Well in Europe they had these time clocks. Hamish. Don: What we do is measure profit before tax at the branch level and that includes interest and depreciation. So what you produce in terms of profitability is real. Target has offices in 35 cities throughout the United States and an international network of agents in over 70 countries.[15]. Sam Knowles So for the first couple of weeks of lockdown in New Zealand, we were wondering, how deep is this going to go? What have we got right? Who wouldnt want exposure to the retirement sector? The Mainfreight board is intent on doubling revenue to $2 billion by 2015, mostly from international earnings, and Mr Braid envisages at least 500 branches before too long. "It's just a little rule that we've had because if they [analysts] keep calling us a trucking company they clearly haven't done their research.". "I don't think any of those things are really of interest to this," he says. We're trying to break all that down.". Investment has to come year on year it cant just come as a bribe at election time., Embracing the company motto that Good enough is never enough, Braid is focused on fulfilling a vision to make Mainfreight a 100-year company. "I think I've always enjoyed business, from an early age, so to be involved like I am today has been great. Braid recalls with horror the memory of listening to a chief executive refer to her workers as "FTEs" - full-time equivalents - during a radio interview. "But I was fascinated that he could present this picture of a skeleton of a company and present it so brightly.". Zac: Don, what makes you good? We note that the salary portion, which stands at NZ$2.20m constitutes the majority of total compensation received by the CEO. Once we convinced them that they didnt need a time clock, they took to them with a sledgehammer. CEO compensation can have a massive impact on performance, but it's just one element. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Like most Kiwi business leaders, Braid is self-effacing and doesn't fancy talking to journalists about his life outside the company. For me its being in the business, with people and in particular with customers. His intellect and pragmatic approach is highly regarded at the Board table. So a lot is about the long game. Mainfreights two new build warehouses, a 50,000 square metre facility in Sydney and 30,000sqm build in Melbourne, are scheduled for completion by end next year. Don Braid. Biography Don Braid, Group Managing Director of Mainfreight Limited, was educated at Timaru Boys' High School and has over 30 years' experience in freight forwarding and logistics both New Zealand and internationally.. Possibly more important for its team of 8,000, the firm more than doubled its Christmas bonus for 2020, from $5.35m to $11m. Please note that with cookies disabled you will have a degraded experience with some features. "We need to try and paint the picture around Mainfreight here and what Mainfreight is, that to me is of more interest than whether I like rugby or cricket. See ourstandard terms and conditionsfor more information. Kiwis know the firm largely through its blue trucks that ply our highways, but the company also utilises sea, train and air freight to transport goods around the world. Zac: Don, if you owned your own SME business at the moment, what would you be focusing on going forward to be as successful as you could be under this environment? He has issued a New research confirms the importance that NZ business leaders place on reputation, but reveals that many companies need to increase their investment in building and protecting it. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. New Zealand-based logistics giant Mainfreight is celebrating the roll-out of two new custom-built enterprise software platforms, dubbed Mainmove and . He brings strong financial skills and business acumen to the role. Don Braid. What havent we got right? BusinessDesk has a paywall for most of its content. This is vitally important for all business to remain financially viable and it is where more than often we see business failures and especially in the Building Construction Industries which I was involved in. Your email address will not be published. He likes to surround himself with clever, energetic people who are equally as dedicated as him to meeting and exceeding the needs of Mainfreights customers. [16] In 2020, CaroTrans Chile was re-branded as Mainfreight Chile. We would meet with them once a week and theyd share what theyd discovered and what they hadnt discovered and wed give them some guidance but then get out of their way and let them get on with the job. So you need to be committed for the long term.The clich about the beach, the BMW and the boat it looks pretty attractive after 10 years of hard work but what could you have created after a hundred years and have you got something thats a bit special?I think you need passion, energy, belief and the ability to develop people to run the business for the future. Mainfreight declares flat dividend, hands back $11m wage subsidy I think the only measure of whether weve got the culture right will be seen in the numbers and in the customer service. Don Braid is Managing Director/CEO at Mainfreight Ltd. See Don Braid's compensation, career history, education, & memberships. Braid says the company strives to be de-centralised through giving responsibility to all individuals in the business and letting them make decisions. He has an enviable track record of integrity and professionalism and wide ranging business experience. Prior to joining Air New Zealand, he held range of senior management positions both within New Zealand and overseas, including roles with the National Australia Bank, Bank of New Zealand, Telecom NZ and ITV Group in the UK. Weve needed to adjust, particularly in the international sector, air freight charters rather than just normal air freight our people had never had any experience in chartering a full plane. [14], In September 2007, it was reported by Business Wire that Mainfreight had signed a merger agreement with NYSE American-listed Target Logistics for $2.50 a share; for a total of US$54 million. In the leadup to the 2017 election, Braid said the country needed to be run by visionaries rather than a couple of accountants and he took aim at Nationals pledge to spend an extra $2.6b on Auckland transport. So we are developing our people to be the best they possibly can be. Hi Tanya. How we can fix New Zealand's ports - Don Braid | BusinessDesk Im always exploring those opportunities and may be experimenting in particular regions or with particular customers before implementing that across the rest of the business. Don Braid. WINNER Privacy policy Offices are outlawed, even for Braid, whose desk is situated in the corner of a large, open-plan room occupied by the company's national team. How do you measure this? Its an intimate touch with the P&L; the weeklies tell us lot. They couldnt believe we trusted them to turn up when we needed them to turn up and leave when we needed them to leave. "He's sporting and tough and makes decisions quite fast," Plested says. Thats the best way of being able to manage an event like were in right now, but Id say its the best way to run a business at all times.We have some really good systems. Braid has been a beneficiary of the meteoric rise in Mainfreight's share price. [2] In 1979, Bruce Plested partnered with Neil Graham, with Graham based in Christchurch and Plested in Auckland. 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More importantly, the people in those branches know what they did last week, and which were the right decisions or the wrong decisions. Q&A with Mainfreight's Don Braid - Business Changing I give them the ability and the responsibility to deliver, and I give them great support and lots of guidance. Don has over 40 years experience in the freight industry, including 26 with Mainfreight. He joined Daily Freightways in 1978, gaining a thorough grounding in all aspects of the business and eventually heading up that company. Our website uses cookies to give you the best possible experience and to help us understand how our site is being used. Zac: Can you share what some of the great ideas youve actually brought from overseas have been? He is fiercely proud of the Mainfreight culture seeing this as a key reason customers choose Mainfreight over the competition. In April 2007, Mainfreight announced its intentions to sell its Pan Orient Project Logistics business and its 75% interest in Lep Australia and New Zealand to global logistics company Agility Group for A$83 million. 5 November 2019 - Mainfreight's Don Braid has reinforced his reputation as one of New Zealand's most successful executives, being named Executive of the Decade at the 2019 Deloitte Top 200 Awards in Auckland tonight (5 December 2019).Mainfreight was also named Company of the Year, sponsored by Deloitte Digital and Marsh. Boasting a total shareholder return of 168% over three years, Mainfreight Limited has done well by shareholders. Regrettably, registration fees cannot be refunded when cancellations are received within two working days prior to any branch event. Mainfreight managing director Don Braid. Don Braid has been with freight and logistics company Mainfreight since 1994, after joining the firm as part of the acquisition of Daily Freightways (where he had been for 16 years). New Zealand Shareholders' Association corporate liaison Des Hunt says Braid is one of the most effective listed company bosses in this country. He joined Daily Freightways in 1978, gaining a thorough grounding in all aspects of the business and eventually heading up . I might get a little bit wound up about stuff, a bit passionate about things, but I think you cant get so involved that you think about nothing else. Experts say community investment is the future. As a Government Minister, Richard was responsible for creating SOEs, deregulating telecommunications and broadcasting, reforming ports, airports, railways and aviation. He joined Daily Freightways in 1978, gaining a thorough grounding in all aspects of the business and eventually heading up that company. And then its about exploring the long game. Well known for his mental and physical toughness, Braid is often seen working out at The Atrium Club in downtown Auckland, which offers real world fitness for men. His sartorial style was also recognised in 2006 when he was judged the national winner of the NBR Working Style Best Dressed Businessman Awards. I could not get out of the car and go and meet a stranger to ask for the business and now I actually prefer to do that! Hes the right man for the job at just the right time. The key for me is to be in the business as much as possible, to be visible. Media enquiries | The government is pushing really hard for the major New Zealand companies to pay their suppliers on time, within 30 days. So weve got eight and a half thousand people and 282 locations. | It has largely grown earnings and revenue since 2008 and tripled its share price between early 2009 and today. He points out that 172 million people live within a 350 km radius of Wim Bosman's headquarters in's-Heerenberg, on the Dutch-German border. You can follow him on Twitter, New tourism plan sidesteps immigration elephant, Mortgage arrears up as rates start to bite, Investors queue up ahead of Du Val liquidity events, Affordable housing levy sparks fear and loathing in Queenstown. Theres no cross subsidies. We applaud that; weve always paid every supplier on the 20th of the month following and we ask the same of our customers. Whilst describing the foundation of Mainfreight in 2000, Plested said to the New Zealand Herald, "We moved all our freight by sea between Auckland, and Christchurch and Dunedin, and we worked weekend shifts to make sure we loaded and unloaded the ship using the whole of the seven days - we found that was faster and more reliable than our big competitors."[4]. Deloitte Top 200 Award Winners Announced for 2019 To join your company account for BusinessDesk and enjoy full access, He is unquestionably our Deloitte/Management magazine Top 200 Executive of the Year. Mainfreight's $43.9m 'family' bonus | BusinessDesk Richard has been elected a fellow of the Chartered Institute of Logistics and Transport. I learned that early in the piece and I think its stood me in good stead. Thanks Mr Braid for sharing your knowledge and insight. Its important to be as flexible as we can to bring an offering that the customer requires during a really tough time. Initially wed take 10% of that profit and share it equally with everybody in the branch but as weve developed and gotten a little more sophisticated, weve applied quality stats to the numbers. Engage via Email. FINALIST d***@mainfreight.com. That includes a new facility for Owens Transport in Penrose, Auckland and additional land in Nelson, Hastings, Cambridge and Wellington. [3] [4] When the company was founded it entered a highly regulated transport market. Don Braid of Mainfreight Limited presents key insights for directors about freight and supply chain patterns in the current climate. Were thinking about being around for a hundred years. A licence from New Zealand Railways Corporation was needed to carry freight over 150km. A table of ten booking is available for $1000.00, subject to availability at the time of booking. He's got plenty of charm if he wants to have it and his leadership skills just stand out - people want to stand next to him.". Insurers support an immediate managed retreat for recent flood victims. How do I gain more customers? And thats that. And thats why we travel a lot when you visit, you can smell the morale in an instant. We will probably go back to normal but be ready to adapt, be flexible and look after your people theyll bring the answers to the table for you on what your business will look like in the future. Contact. The firm's shares have been one of the best performing stocks on the NZX, returning more than 20 per cent in the year to date. [17], "Shareholding Information - Mainfreight Limited", "Mainfreight co-founder Neil Graham dies", "Road transport regulation a controversial measure to protect railways", "Mainfreight announces agreement to acquire Halford International", "Mainfreight breaks into Europe with $227m acquisition", "Mainfreight sues for $18m after shock client loss", "Mainfreight gets $14m payout - drops Euro claim", "The Wim Bosman Group becomes Mainfreight", "Mainfreight sells Pan Orient Project Logistics and its 75% shareholding in LEP (New Zealand and Australia) for over A$83 million", "Mainfreight Limited (Mainfreight) completes sale of Pan Orient Project Logistics", "Target Logistics, Inc. Agrees to be Acquired by Mainfreight Limited", https://en.wikipedia.org/w/index.php?title=Mainfreight&oldid=1136159997, Daily Freight (NZ), Carotrans (Worldwide), Owens (AU/NZ), ChemCouriers (AU/NZ) Mainfreight Europe (EU), This page was last edited on 29 January 2023, at 01:07. Mainfreight boss bypasses 'profiteering' global shipping lines - Newsroom Youve got to have good outlets. Email. Us taking away that clock was about responsibility and about taking away that control from head office. Appointment to Board 2000 - With Mainfreight since 1994. Zac: Mainfreight was started back in the late seventies by Bruce Plested, who is the chairman now. [4] In 1998, Mainfreight acquired Australian freight forwarder ISS Express lines, subsequently establishing an Australian international freight business.
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